National Bank provides 15 banks with US$302 mln in refinancing

The National Bank of Ukraine (NBU) says it has held a refinancing tender to provide 15 banks with UAH 8.472 billion (US$302 million) in refinancing loans at an interest rate of 6% per annum, with a five-year maturity period.

That's according to the report by the NBU press service published on its website.

Read alsoDeposits in Ukraine's banks total over US$47 bln both in national and foreign currencyIn addition, the regulator satisfied the applications of two banks for UAH 182 million (US$6.5 million) in refinancing at 6% at a bidding to maintain the liquidity of banks for up to 84 days.

The National Bank holds biddings to maintain banks' liquidity for up to 84 days. Biddings are held each Friday, and on long-term refinancing from one to five years – once a month, on a second Friday.

Previous tenders

• On November 9, 2020, the NBU held a refinancing tender to provide four banks with UAH 563.6 million (US$20 million) in refinancing loans at an interest rate of 6% per annum, with an 84-day maturity period.
• On October 9, 2020, the central bank held a tender for long-term refinancing of banks. As a result, 14 Ukrainian banks received UAH 4.999 billion, or US$178 million, in refinancing loans at 6%, maturing in five years.
• On the same day, the regulator satisfied the application of one bank for UAH 300 million (US$10.7 million) in refinancing at 6% at a bidding to maintain the liquidity of banks for up to 82 days.
• On October 30, the NBU held a tender where it granted five banks refinancing loans worth UAH 10.3 million (US$367,201) at 6%, maturing in 84 days.
• On August 17, 2020, the National Bank allocated almost UAH 5 billion (US$178 million) in refinancing to 14 banks.